We've utilized the VA loan for our current home, and this strategy has worked well so far.

You don't have to buy one, you can install an app on your phone that will accomplish the same thing.

You decide to skip on your monthly loan payment, or property tax bill?

Based on the numbers seems like it was a straight forward conventional loan...any challenges?

Since i had capital and had access to my commercial banks for the best rates possible on vertical and horizontal loans..

Hey Makani, you should check out DSCR loans, which are primarily for investment properties and focus on the property’s income potential rather than your personal income.

Second year distributions rise to 5.27%, third year 7.27%, according to the projections.Those projections may be at risk, for many reasons: the recent huge increase in interest rates -- increasing the cost of loans and decreasing valuations, insurance costs have skyrocketed, real estate taxes are up, labor and material costs for repairs & renovations have increased, etc.On the plus side, the majority of the ODC funds were designed to be high value add projects with plans to increase operating efficiencies, add tenants and raise rents.  

Speak with lenders - and consider that although they might agree they could lend to you today - they might not be able to when you need the loan.Unless the existing debt has no due-on-sale provision, there will always be a risk of the underlying loan being called.If it were to be called due:1.

Another thought - are you considering an FHA loan on the next one?

Review Anchor Loans, they have closed many investors I've worked with.